Water companies are pushing for significant bill increases, with some proposing hikes of up to 84% over the next five years, leaving customers to face hefty price rises.
Several firms, including Thames Water and Southern Water, have applied to the industry regulator, Ofwat, seeking approval for these increases. The companies argue that the higher tariffs are necessary to fund upgrades to their networks, many of which have suffered from years of underinvestment.
In addition to network improvements, the increased costs are also driven by rising energy expenses. Pumping water across the country and treating sewage are energy-intensive processes, and the companies say these costs need to be passed on to consumers.
Southern Water has proposed the largest increase, requesting an 84% rise in bills, while Thames Water is asking for a 53% hike. On the lower end, Northumbrian Water has requested a 21% rise for the 2029-2030 financial year.
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